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PetroMagdalena Energy Corp
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June 2012 Investor Presentation
| Luciano Biondi Golinucci | Page 16 of 11 |
May 21, 2013
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"June 2012 Investor Presentation"
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16DEVELOPMENT ? Twodevelopmentwellsin2012,onein PetirrojoandoneinYopo. ? Petirrojo 1Xcumulativeproduction blockover240,000bbls40APIoil produced ? Developedaplaninordertoreplace rentedfaciltiestoreduceOpex EXPLORATION ? PetirrojoSur 1Xexplorationwellwillbe drilledinQ4 2012,civilworkwas completedinQ12012. 1 Km Yopo Field Petirrojo Field Petirrojo 1Carbonera C7 TWT Seismic Map Petirrojo Sur 1X Prospect 2P RESERVES (Mbbls) ( 1 ) Petirrojo1,569 Yopo1,415 CURRENT TECHNICAL REPORT (1)Reserves before royalties based on working interest Source: NI 51 101 Technical Report, Petrotech Engineering, December 2011 Petirrojo & Yopo Fields, Petirrojo Sur Prospect